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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (7654)	1/10/2002 7:15:12 AM
From: Doug Robinson	Read Replies (1) \| Respond to of 26752

Wow :-)! If you'll review my message on GNSS you'll know I was a buyer at $39. That's when the big boys came for it. That's when I bought it. Just like DFXI. At yesterday's close that put's GNSS up 84% and I've got more than 10000 shares. I see you were so excited about yesterday's move. So was I. As your chart shows, you could have easily bought GNSS at the same time I did. The question for you and all that put so much faith in your patterns is would you have had the conviction to take a large position and hold it there. Your answer has been NO! If the predictive value of the patterns (which you so emphatically mention many times every day) were so strong, you'd enter and hold them. A pattern that has strong predictive probabilities should provide one with very high confidence that their entry will reward them substantially IMO. Your daily vacillating position on indexs and stocks indicates that at this time your total confidence in any of the patterns you mention is represented by minutes or hours most of the time. When you have the confidence to hold them for days, weeks, months and even years as they continue to move in the direction that you felt the indicators showed they would go, then you'll have patterns that have strong predictive value. Are you better off buying GNSS yesterday on the breakout and making a couple of bucks or buying on the strong signal that's provided $33 in profit? Are you better going short the futures yesterday or would have you been better going long several months ago? Perhaps that depends on the confidence one has in their methodology. Convert? I'd make a heck of a lot less money and would have to watch the monitors all the time <vbg>.